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Lake Forest Park reports bond laddering and liquid reserves; about half of cash invested in government agency bonds
Summary
Budget Director Vaughn told the committee the city has laddered roughly $10 million in government agency securities and holds a liquid portion in LGIP and bank reserves; staff said the strategy prioritizes safety and liquidity over chasing yield.
Budget Director Vaughn presented the committee with the city’s investment report, dated Aug. 31, 2025, describing a laddered purchase strategy of government agency bonds and a liquid reserve maintained in the Local Government Investment Pool (LGIP) and a bank reserve account.
Vaughn said roughly 46 percent of the city’s cash is invested in government agency bonds, near the policy target of 50 percent. “About over half of the city's…
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